Rejected by Stripe: How to Move Forward with Payment Solutions?

[StephB]

The cloaking works and will always work. For bad actors reporting a payment, you can use different payment accounts, for example: one for trusted users (from typical country for example) and one for risky users.
And some other methods used by marketing cloackers...

The problem these days is not about cloaking, the problem is that Stripe is becoming aggressive like Paypal, fast ban for nothing, before you got paid if your account was banned, now bye bye your account and your money.
You have to cloack with a strong payment processor no this s**t of stripe or paypal.

I appreciate the input. What makes a payment processor "strong"?

 

[Tate]

S

I appreciate the input. What makes a payment processor "strong"?

A payment provider that asks for very little information when you open an account, such as Stripe or paypal, is the worst, because you think you'll be safe when accepting payments, but in fact, while you're accepting payments, they're doing these checks, and they'll kick you out, which is all the more frustrating, while taking your money in the process (they've passed the word with paypal). In 2023, stripe changed its policy, it bans faster than before (AI use probably), and it doesn't give the money back.

It's better to go to (“strong”) payment providers like Adyen, NMI etc. with more thorough checks of your business' eligibility on entry, with less chance of random bans when you accept payments. But if you want to have a fake account with an identity other than your own, it's more complicated, and you need a front business that looks legitimate, because the checks are more thorough.

In short, there are solutions, there are always solutions, but accepting payments in 2024-2025 is more complicated than before, it's part of this global dynamic to control financial flows, thank you uncle sam, we're all waiting impatiently for the brics to dismantle your fucking dollar.

PS: sorry for the broken English, not native.

 

[StephB]

S

A payment provider that asks for very little information when you open an account, such as Stripe or paypal, is the worst, because you think you'll be safe when accepting payments, but in fact, while you're accepting payments, they're doing these checks, and they'll kick you out, which is all the more frustrating, while taking your money in the process (they've passed the word with paypal). In 2023, stripe changed its policy, it bans faster than before (AI use probably), and it doesn't give the money back.

It's better to go to (“strong”) payment providers like Adyen, NMI etc. with more thorough checks of your business' eligibility on entry, with less chance of random bans when you accept payments. But if you want to have a fake account with an identity other than your own, it's more complicated, and you need a front business that looks legitimate, because the checks are more thorough.

In short, there are solutions, there are always solutions, but accepting payments in 2024-2025 is more complicated than before, it's part of this global dynamic to control financial flows, thank you uncle sam, we're all waiting impatiently for the brics to dismantle your fucking dollar.

PS: sorry for the broken English, not native.

Hey Tate, thanks a lot! I’m almost done implementing a crypto solution right now. Me being a bit of a crypto retard doesn’t necessarily mean my potential customers are too—or at least I hope not. I do wonder about the kind of loss of earnings I’d face by accepting only crypto. I know crypto payment has become widely popular on Telegram, for instance. The solution is so easy to implement that it almost feels too good to be true.

I appreciate the Adyen and NMI suggestions. I’ll approach them as soon as I’m up and running with crypto. My front business site is pretty robust. It’s about providing ERP modules and add-ons, which is what I actually do in "real life". It's pretty well documented. It just lacks a product page, which you never really need when you provide tailored software services.

I'm pretty terrified by the scenario you mentioned, i.e., the payment processor banning you and freezing your money. I wonder why people would leave a large balance and not transfer the funds to their linked bank account regularly.

 

[EnlightenedVessel]

Hey Tate, thanks a lot! I’m almost done implementing a crypto solution right now. Me being a bit of a crypto retard doesn’t necessarily mean my potential customers are too—or at least I hope not. I do wonder about the kind of loss of earnings I’d face by accepting only crypto. I know crypto payment has become widely popular on Telegram, for instance. The solution is so easy to implement that it almost feels too good to be true.

I appreciate the Adyen and NMI suggestions. I’ll approach them as soon as I’m up and running with crypto. My front business site is pretty robust. It’s about providing ERP modules and add-ons, which is what I actually do in "real life". It's pretty well documented. It just lacks a product page, which you never really need when you provide tailored software services.

I'm pretty terrified by the scenario you mentioned, i.e., the payment processor banning you and freezing your money. I wonder why people would leave a large balance and not transfer the funds to their linked bank account regularly.

Crypto payments are easy to configure but from my experience getting people to pay using crypto is a whole different case.

In one of the sites that I'm involved with, we accept payments by wire transfer and crypto, 95% of the orders are done by wire transfer. Our sales drop to about 5-10% of what they would normally be if the bank account has problems for some reason. We did a test using a Stripe account and a lot more orders came in than using Wire Transfer or Crypto. For the customer, it's just so much easier to check out as they would on any major e-commerce site.

It also depends on what your target audience is, for a lot of people crypto seems like a hurdle to pay as many people have never used it before. As a new customer, they need to perform KYC on various fiat on-ramps before they're able to pay, not to mention the fees that get added on top, if your product costs 50$ the customer might end up paying 55$ with the costs that are added to it.

Ultimately it depends on what exactly you're selling, if it's something high value and unique, people are more willing to jump through hoops to get it.

 

[StephB]

I think you described a typical cloaking Stripe method. It would be interesting to hear the opinions of experienced users. My question is: what should I do if I have malicious actors or competitors who will report my site to Stripe, showing the entire chain from the real site to the masking site? These people will appear at some point, that’s inevitable.

Regarding BitPay - why choose it? I use Oxapay. It’s not as popular, but it allows individuals to work and supports almost any website, including adult ones. Just consider it as an option. I also like their automatic conversion to USDT and auto-withdrawal when a certain amount is reached.

How long have you working with them? I've implemented the whole solution in test enviroment but I'm a bit scared to deploy considering their support is really bad. The tech support guy hasn't been able to answer very simple questions. I'm not sure if it's a language issue or he's just very lazy. I'm starting to ask myself if they are legit at all...

 

[Tate]

How long have you working with them? I've implemented the whole solution in test enviroment but I'm a bit scared to deploy considering their support is really bad. The tech support guy hasn't been able to answer very simple questions. I'm not sure if it's a language issue or he's just very lazy. I'm starting to ask myself if they are legit at all...

Don't recommand to use oxapay, if your users send from smart contract (some exchangers use smart contract, eg: coinbase) money is lost. Can recommand nowpayments .

 

[lavel]

Oxapay is a simple crypto payment gateway right, they don't accept card payments?
https://oxapay.com/

 

[StephB]

Oxapay is a simple crypto payment gateway right, they don't accept card payments?
https://oxapay.com/

they don't. Looks like NowPayments does. kyc depending on the partner, kyb everyone.